INVESTEC BANK LIMITED - First expiry announcement -ESPIBQ

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)



Share                               The FTSE/JSE Top 40 Index


Strike Price                       28338.17
Expiry Date                        09/06/2014
Cover Ratio                        10:1

Call/Put                           Put
Style                              European
Issue Size                         10,900

JSE Code                           ESPIBQ ZAE000153276



Investec Bank Limited ('Investec'), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 9 June 2014 (see the related securities above).


In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised and the Holders will sell the Holder Underlying Securities to the Issuer, and the Put
Strike Price will automatically accrue to the Holder via instruction through STRATE on 24 June 2014.


In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money, and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell so many of the
Holder Underlying Securities required to settle the Premium and the Holder will then be entitled to delivery of the
balance of the Holder Underlying Securities, through STRATE on 24 June 2014.


Each Holder may elect and request the Issuer to utilize the abovementioned settlement amount to reinvest into a new
quantity of ESPs ('the new ESP'). The terms and conditions of the new ESP series will be governed by a new Pricing
Supplement. Investec will, if so elected by the Holder, settle any amount due to Holder pursuant to the expiry of the
existing ESPs by allocation of new ESPs which will be listed on 24 June 2014.


Holders of ESPIBQ will be notified on Wednesday, 11 June 2014, and to the extent applicable, the number of new
ESPs that will be allocated per each ESPIBQ.

Date: 27 May 2014


Copies of the offering circular may be obtained from:
         Investec Bank Limited
         100 Grayston Drive
         Sandown
         Sandton
         2196
For further information contact:
         Investec Warrants
         Tel.: 011 286-4672
         E-mail: warrants@investec.co.za
         Internet: www.investec.com

Sponsor
           Investec Securities (Pty) Ltd
           Member of the JSE
           Registration number. 1972/008905/07)


Date: 27/05/2014 02:05:00 Supplied by www.sharenet.co.za                     
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